P4 Solutions and FinTecSystems Join Forces to Offer a unique Online-Consumer Authentication Solution

Munich / Koblenz, Germany – May 22, 2015 — FinTecSystems, a upcoming startup in the payment industry, and P4 Solutions, a leading and fast-growing white-label payment platform and solution provider for payment service providers and banks, have agreed to integrate FinTecSystems’ authentication solution into the P4 platform. The solution will connect FinTecSystems with P4´s payment service provider clients and partner gateways serving more than 30,000 merchants worldwide.

P4´s PCI-certified Platform as a Service (PaaS) is continually developed to meet the rapidly changing needs of the market.

Enabling sophisticated fraud prevention and to deliver the best solution is a part of P4´s platform and solution program to give payment service providers the flexibility to offer special solutions to its merchants to prevent fraud. The new Balance-Check-Authentication makes it possible for payment service providers to further fine-tune risk settings, giving their merchants more choice and control in how authentication is deployed.

P4 refine FinTecSystems’ solution and fully integrated into its successful SEPA Direct Debit Processing with eMandate as an additional authentication method to prevent fraud and reduce charge back rate.

Amran Khalid, Director Sales at P4, said, “FinTecSystems’ solution in combination with our SEPA transaction system gives payment service providers even greater flexibility in determining the perfect risk management and authentication measures for their merchants to check first before move on. The setup makes it possible to reach more than 40 Mio accounts. Our clients could use this refined solution with our SEPA processing as additional authentication.We are happy that FinTecSystems has decided to work with P4 as a trusting partner.”

Stefan Krautkrämer, CEO FinTecSystems, said: "P4 Solutions is a long-time, well-trusted partner of Payment Service Provider around Europe. From day one of our cooperation we felt like that P4 Solutions shares our vision of lower risk on SEPA Direct Debit transactions with P4’s SEPA Mandate process through our innovative technology.

About P4 Solutions:
P4 Solutions is a solutions provider specializing in online business, which provides PSPs/ISOs and banks with individually developed gateways and software for online payment processing. P4 has an individual SEPA e-mandate server for online business and offers a complete solution for PSPs, ISOs and banks to handle this. P4 has been one of the leading specialized solutions providers in Europe for technical processing of direct-debit and SEPA schemes for almost ten years. Further information can be found at www.p4-solutions.de

About FinTecSystems:
FintecSystems offers online-banking-based Information- and Payment Services. It delivers solutions, that support Banks, Payment Service Provider and Online Shops to identify customers, to reduce Credit- and Fraud Risk as well as to pay online with their Online Banking in realtime.
More information on www.fintecsystems.com

Press contact FinTecSystems:
Dirk Rudolf , COO
Tulbeckstrasse 32, D-80339 München
eMail: dr@fintecsystems.com
www.fintecsystems.com

Press contact P4-Solutions:
Dr. Amran Khalid, Director International Sales
Pastor-Kleine-Str 17A, D-56073 Joblenz
Phone: 0049 261988 535 0
eMail: Khalid@p4-solutions.de
www.p4-solutions.de

This release was published on openPR.